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Reach Resources Limited Issues Unquoted Equity Options

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Reach Resources Limited Issues Unquoted Equity Options

Confident Investing Starts Here:

Reach Resources Limited ( (AU:RR1) ) has provided an announcement.

Reach Resources Limited announced the issuance of unquoted equity securities, specifically options expiring on November 30, 2027, with exercise prices of $0.03 and $0.02. This issuance involves a total of 15,000,000 options, which are part of an employee incentive scheme and are not intended to be quoted on the ASX. This move could potentially enhance employee engagement and align their interests with the company’s long-term goals.

More about Reach Resources Limited

YTD Price Performance: 63.64%

Average Trading Volume: 18,137,957

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$15.74M

See more insights into RR1 stock on TipRanks’ Stock Analysis page.

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